Article submitted by Jack Herrington, Sales and Leasing Agent for Saurage Rotenberg Commercial Real Estate
Written by Beth Mattson-Teig | July/August 2017
Many sports analogies are being thrown out to describe how close the U.S. commercial real estate market is to its cyclical peak. Regardless of whether fans are keeping score based on quarters, innings, or overtime, time is still left on the clock.
It is no wonder that the maturity of the market cycle is garnering plenty of attention. The U.S. commercial real estate market is now eight years into its current economic expansion, which is lengthy by historical standards.
“I don’t see a lot of risks to the cycle in 2017,” says Ryan Severino, chief economist at JLL in the New York City metro area. “I don’t even see all that much in 2018. I think we have at least a couple of years before we start to have that question about is the clock ticking or not.”
Jack Herrington joined Saurage Rotenberg Commercial Real Estate in October, 2016. He has extensive experience in the service industry, prior to beginning his career in real estate. Jack is currently pursuing his Certified Commercial Investment Member (CCIM) designation through the Commercial Investment Real Estate Institute.
Saurage Rotenberg Commercial Real Estate is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce; the Baton Rouge Better Business Bureau; the Louisiana Commercial Data Base (LACDB); and the International Council of Shopping Centers (ICSC). Several agents, on an individual basis, are members of the Society of Industrial and Office Realtors® (SIOR), the Certified Commercial Investment Member Institute (CCIM); the National Association of REALTORS® (NAR); and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).
